This report documents the results of the Applied Meteorology Unit's NEXRAD Exploitation Task. The objectives of this task are to determine what radar signatures are present prior to and at the time of convection initiation, and to determine radar signatures which will help distinguish whether the ensuing convection will become severe. Radar data from the WSR-88D radar located at NWS Melbourne (WSR-88D/KMLB) were collected between June and September 1995, and 16 convective case studies were analyzed for which the radar was operating during the entire period of interest. All WSR-88D/KMLB products were scrutinized for their utility in detecting convection initiation and severe storm signatures. Through process of elimination, it was found that the 0.5 deg reflectivity product with the lowest reflectivity values displayed is the best product to monitor for convection initiation signatures. Seven meteorological features associated with the initiation of deep convection were identified: the Merritt Island and Indian River convergence zones, interlake convergence, horizontal convective rolls, the sea breeze, storm outflow boundaries, and fires. Their reflectivity values ranged from -5 to 20 dBZ. Of the three severe weather phenomena (winds greater than or equal to 50 kts, tornado, 3/4 inch hail), high wind events due to microbursts were most common in the data set. It was found that the values and trends of composite reflectivity, vertically integrated liquid, and core aspect ratio were key indicators of the potential of a cell to produce a microburst. The data were not analyzed for the other two severe weather phenomena because they rarely occurred during the data collection period. This report also includes suggestions for new WSR-88D products, summaries of ongoing research aimed at creating new products, and explicit recommended procedures for detecting convection initiation and severe storm signatures in the radar data using the currently available technology.